Although Injunction Against Invocation Of Guarantee Cannot Be Granted, Court Can Grant Interim Protection If Prima Facie Case Is Established: Calcutta HC

The Calcutta High Court held that while an injunction against the invocation of a bank guarantee cannot generally be granted, the court should provide interim protection if a prima facie case of egregious fraud or special equities is established. This ruling balances the principle of the sanctity of bank guarantees with the need to prevent manifest injustice in exceptional circumstances.